The guidance covers:
- Core principles for financial institutions;
- The definition of a Non-Customer RMA Relationship;
- Minimum Due-Diligence Procedures for Non-Customer RMAs; and
- Suggested Procedures for Ongoing Management of RMAs.
Firms should use the guidance to manage non-customer RMAs and should view it as a supplement to the Wolfsberg Financial Crime Principles for Correspondent Banking issued in 2022.